Elon Musk / Tesla / SpaceX / Twitter

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Bobfripp said:
A woman has needs
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Since we’re playing the salacious speculation game, I suspect Melania’s only real “need” is finding the next absurdly rich guy to fund her Bond villain lifestyle, and who better to attach to than reality’s closest facsimile of a Bond villain. Melania sees ttump’s decline and knows that gravy train has only so much steam remaining.
 
aGDevil2k said:
I dont understand the move to Blue Sky. It's run by Jack, no? The same guy that let twitter get out of control and then turned it over to fucking Elon?
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BS seems to essentially be Twitter from 2019. As for handing it to Musk, I’m not sure how much choice he really had. It was a public company at the time.
 
aGDevil2k said:
I dont understand the move to Blue Sky. It's run by Jack, no? The same guy that let twitter get out of control and then turned it over to fucking Elon?
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Dorsey started Bluesky years ago (while he was still with Twitter and well before Elon), but no longer owns or involved from my understanding.
 
HeWhoWearsCarolinaBlue said:
BS seems to essentially be Twitter from 2019. As for handing it to Musk, I’m not sure how much choice he really had. It was a public company at the time.
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he didn't cash out completely, he kept an ownership share of Twitter after it went private. It's worth not that much any more, but he kind of kissed Elon's ring ont he way out on the merit of "pure free speech" or whatever.
 
HeWhoWearsCarolinaBlue said:
BS seems to essentially be Twitter from 2019. As for handing it to Musk, I’m not sure how much choice he really had. It was a public company at the time.
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Twitter didn't have to accept Musk's bid at that price or any price. Basically, even public companies in Delaware have the ability to "just say no" to any takeover attempts. Musk would have had to go to the shareholders to oust the board that didn't want to sell, and he wasn't going to do that.

The reason they sold Twitter to Musk is that they had been trying to sell Twitter for a year, because the board couldn't figure out how to monetize its reach effectively. It was far smaller than other social media, less profitable, and the board was kind out of ideas.
 
superrific said:
Twitter didn't have to accept Musk's bid at that price or any price. Basically, even public companies in Delaware have the ability to "just say no" to any takeover attempts. Musk would have had to go to the shareholders to oust the board that didn't want to sell, and he wasn't going to do that.

The reason they sold Twitter to Musk is that they had been trying to sell Twitter for a year, because the board couldn't figure out how to monetize its reach effectively. It was far smaller than other social media, less profitable, and the board was kind out of ideas.
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Also Musk offered WAY more than what the selling price ought to be because he is a genius or something. It was kind of their duty to the share holders to accept that deal, if you see the world through the pure capitalism lens.
 
HeelingAg said:
Since we’re playing the salacious speculation game, I suspect Melania’s only real “need” is finding the next absurdly rich guy to fund her Bond villain lifestyle, and who better to attach to than reality’s closest facsimile of a Bond villain. Melania sees ttump’s decline and knows that gravy train has only so much steam remaining.
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She won’t leave him. She’s waiting for him to die. He’s likely planning the Presidential Funeral. She’s looking forward to being the grieving First Lady.

Meanwhile, she’ll negotiate appearance fees, an improved pre-nup (maybe call it a “post-nup?), and have affairs.
 
altmin said:
Also Musk offered WAY more than what the selling price ought to be because he is a genius or something. It was kind of their duty to the share holders to accept that deal, if you see the world through the pure capitalism lens.
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Directors' duties to the shareholders when deciding on an action like this (and most actions): they have to choose the course of action they think best for the company, in the exercise of their best business judgment in good faith. That's all.

The board could have rejected Musk's bid at that price, or $10 higher, or $20 higher and there would be no repercussions.

This is known as the business judgment rule, and it's one of the foundational principles of all corporate law. It's worth remembering the next time you hear some squirrely CEO say something like, "well, that might be a good idea but I have a duty to my shareholders to maximize profits." The latter part is false, and anything that the CEO genuinely believed to be a good idea would be an acceptable course of conduct so long as it wasn't self-dealing (or a couple of other types of actions that are similar to self-dealing).

Usually, "my duty to the shareholders" is just an excuse for not doing the right thing.
 


If you don’t speak Pepe internet speak, a “Fren” started as acronym for far right ethnic-nationalist and is used as a sort of coded hand-shake among the far right, especially on Twitter. “Non-Fren” co-evolved to mean whatever outgroup the posting “Fren” hates (often intended by obvious context as a substitute for the preferred slur).

Pepe the frog has been their mascot for a while.

None of which would be relevant except that the tweeter, Elon Musk, is slated to have a highly conflicted quasi-governmental role running a commission to “reform” the federal government and is a close advisor to Trump in forming the new government.
 
HeelInTheOzarks said:
The other side of the story on Musk hanging out all the time…

www.motherjones.com

Trump's first problem: "First Buddy" Elon Musk is annoying everyone

The tech billionaire has reportedly outstayed his welcome.
www.motherjones.com www.motherjones.com
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I still think the two of them are going to have a huge falling-out at some point. Trump already sounds annoyed, and I don't see Dear Leader sharing the spotlight for very long with anybody. If Musk's assault on the federal government doesn't go well and causes a lot of criticism, Trump will dump him, imo.
 
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